Hello all, I’ve had several request asking how I generate my ‘Kravens Repetitive Areas of Potential Profit’ or K.R.A.P.P for short and as I’m a fan of the indo share culture I though I’d create this thread to demonstrate….
These lines are pretty accurate, I believe accurate enough to purely trade from. They will work on every pair and require updating once per day. However they not the ‘holy G’ and not magical (as some think lol). They are also very easy to create, in-fact they’ll be too easy for many on here who will insist on adding thing.
How to create ‘K.R.A.P.P.' wwwowhhhhhhhhaaahh!!
Ok, choose your pair……go to a daily time frame……….draw lines at each day on the high and low (and importantly) the open and close….. most people only take note of peaks (highs) and troughs (lows) but open and closes (O/C) are VERY IMPORTANT. Most just take note of the day before, however O/C of daily’s several weeks ago can still have an impact.
Once you have drawn your lines it’s time to sort them out. If a level has only been touched once I call this minor, if it has been influential on a few occasion I call it major. I advise you to colour these lines different colours (see pic)
after you've sorted your lines use them on lower timeframes (5 and 15min are good)
Here is an example of how to trade K.R.A.P.P...i call it the 'bounce'. just enter the trade the 'oppersite' direction to where the price approached i.e. if the price is coming down, buy when it hits....SL 10 TP 15 (or more)......here an example i made a few days back
that's it..........try to refrain from adding 1hr and 4hr lines as you'll have a mass of lines that are untradable...........hope you enjoy
*appologies if this is in the wrong forum.
These lines are pretty accurate, I believe accurate enough to purely trade from. They will work on every pair and require updating once per day. However they not the ‘holy G’ and not magical (as some think lol). They are also very easy to create, in-fact they’ll be too easy for many on here who will insist on adding thing.
How to create ‘K.R.A.P.P.' wwwowhhhhhhhhaaahh!!
Ok, choose your pair……go to a daily time frame……….draw lines at each day on the high and low (and importantly) the open and close….. most people only take note of peaks (highs) and troughs (lows) but open and closes (O/C) are VERY IMPORTANT. Most just take note of the day before, however O/C of daily’s several weeks ago can still have an impact.
Once you have drawn your lines it’s time to sort them out. If a level has only been touched once I call this minor, if it has been influential on a few occasion I call it major. I advise you to colour these lines different colours (see pic)
after you've sorted your lines use them on lower timeframes (5 and 15min are good)
Here is an example of how to trade K.R.A.P.P...i call it the 'bounce'. just enter the trade the 'oppersite' direction to where the price approached i.e. if the price is coming down, buy when it hits....SL 10 TP 15 (or more)......here an example i made a few days back
that's it..........try to refrain from adding 1hr and 4hr lines as you'll have a mass of lines that are untradable...........hope you enjoy
*appologies if this is in the wrong forum.
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